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Strategies & Market Trends : Point and Figure Charting

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To: Ms. X who wrote (163)	1/28/1998 9:38:00 PM
From: Ms. X	Read Replies (1) of 34811

What happened in the computer sector today. P&F TA Bullish Percent (BPCOMP): Sector is still in a column of O's at the 32% level. This week it did improve by 4% to 36%, but it needs 38% for a reversal up. Buy signal at 44% Selected stocks: AAPL : Last signal was a double top buy at 19.5 which broke it through its bearish resistance line. RS is in X's, daily momentum turns positive at 20.33. ADPT: Trading well below the bearish resistance line. Trend is in a column of X's but no buy signal until 40. Rs is in O's and on a sell signal. Daily momentum turned positive one week ago. Stock has a way to go. AOL: Trading well above its bullish support line. Last signal was a spread double top buy at 94. Currently in a column of O's. RS is in a column of X's. However, the daily momentum has crossed to negative will cross positive again at 102. ASND: Still well below its bearish resistance line. Last signal was a double top at 29. Currently it is in a column of O's. RS reversed up but is still on a long sell signal. Daily momentum turned negative a week ago, cross positive at 32. BAY: Trading at bearish support line. Currently in a column of O's. Move to 30 would be a triple top buy signal and a break of the bearish resistance line. RS is negative and in O's. Daily momentum is negative turning positive at 28.75. COMS: Trading below bearish resistance line. Creating lower tops. Last signal was a sell signal. Relative is in a column in O's and continues to weaken moving down one more box. Daily momentum is negative. CPQ: Trading above its bullish support line. Last signal was a double top buy at 32. Has pulled back to 29. RS is in a column of O's but the last signal was a buy. Daily momentum is negative crossing positive at 32.25. CSCO: Trading above bullish support line. Just broke a spread triple top and a triple top. Trading at an all time high. RS is positive, on a buy signal and in X's. Daily momentum just turned positive. DELL: Trading well above its bullish support line. Last signal was a spread double top buy. RS just reversed up today indicating the stock should outperform the market. Daily momentum turns positive at 98.25. IOM: Closed one box lower creating a spread double bottom at 8. RS just reversed down today indicating it should continue to underperform the market. Daily and weekly momentums are negative.

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